News

Major Swedish Bank Fined $386 Million for Hiding Money-Laundering Evidence

</header> <strong>Sweden’s Financial Supervisory Authority (FSA), ’Finansinspektionen’, has fined Swedbank a record sum of 4 billion Swedish krona ($386M) for breaching anti-money laundering regulations on a large scale. Around $5.8 billion had been funneled between suspected accounts in Swedbank and Danske Bank in the Baltics, the latter already fined large amounts for previous money-laundering activities.</strong> …

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Blockstack Wins Patent for Its Dapp Single Sign-on Product

Blockstack, the control-your-data decentralized web developer, has patented the process behind its single sign-on for every dapp system, Blockstack Auth.  The patent covers Blockstack’s method for cryptographically signing into dapps with a single digital identity, without requiring a third party to authenticate.  The system received USPTO’s approval on March 24 following an uncharacteristically short eight …

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Film Reels and Steel: Github Plans to Archive Bitcoin Code for 1,000 Years

</header> <strong>The Microsoft subsidiary, Github recently revealed the “Archive Program,” an initiative that aims to preserve open source technologies for 1,000 years. The newly launched effort plans to store snapshots of open source technology 250 meters underground on the Norwegian island of Svalbard. The source code management and collaboration platform also plans to store the …

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Bitcoin Halving Capitulation: ‘Mining Death Spirals Don’t Happen in Real Life,’ Says Report

</header> <strong>As the bitcoin halving approaches, crypto-mining ‘death spirals’ and miner capitulation have become prominent topics among digital currency enthusiasts. Despite the trending discussions, Coinshares head of research Christopher Bendiksen published a study that says “[bitcoin] mining death spirals do not actually happen in real life” and the speculation is a “highly theoretical edge case.”</strong> …

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FCC will require phone carriers to authenticate calls by June 2021

Sponsored Links Rafael Abdrakhmanov via Getty Images The FCC announced today all carriers and phone companies must adopt the STIR/SHAKEN protocol by June 30th, 2021. The regulatory requirement is designed to combat robocalls, specifically those that try to hide their phone numbers by allowing carriers to authenticate caller IDs. The agency says the widespread adoption …

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US Mortgage Industry Could Collapse as Housing Crisis Looms, Experts Say

</header> <strong>The U.S. mortgage industry faces collapse once again, this time due to the economic consequences following the coronavirus outbreak and massive job losses. </strong><strong>Up to 50% of borrowers could default on their mortgage payments, according to industry estimates. Since the stimulus bill signed by President Donald Trump provides relief for homeowners but does not …

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The Crypto Industry’s $400M Cash and Stock Deal – Binance to Acquire Coinmarketcap.com

While You’re Under Quarantine, Check These Sites for Remote Crypto Jobs If you are on the lookout for a job in these pressing times, when the coronavirus pandemic has limited public movement and shut down businesses, it’s worth exploring opportunities to work from the relative safety of your home. The number … read more. How …

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Mt. Gox Deadline Extended Again After Creditors Criticize Refund Proposal

The submission deadline for the Mt. Gox rehabilitation plan has been pushed back again after a draft proposed last week was met with opposition from numerous creditors. In the plan, proposed to Mt. Gox creditors at a March 25 meeting, rehabilitation trustee Nobuaki Kobayashi said he would, if authorized by the court, sell off some …

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Stablecoin Market Caps Swell Over $7 Billion – Volumes Surpass Most Trading Pairs

While You’re Under Quarantine, Check These Sites for Remote Crypto Jobs If you are on the lookout for a job in these pressing times, when the coronavirus pandemic has limited public movement and shut down businesses, it’s worth exploring opportunities to work from the relative safety of your home. The number … read more. How …

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Election App Voatz Just Got Kicked Out of a Major Bug Bounty Program

Bug bounty platform HackerOne severed ties with Medici Ventures-backed Voatz, the blockchain-based mobile voting app for breach of partnership standards.  The removal cuts off Voatz’ access to HackerOne’s network of “ethical hackers” who trade their expertise in finding code faults for cash. HackerOne partners with corporations interested in shoring up potential security vulnerabilities. Across 1,800 …

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